Luk Hing Entertainment Group Holdings (HKSE:08052) Long-Term Capital Lease Obligation : HK$0.00 Mil (As of Dec. 2023)

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What is Luk Hing Entertainment Group Holdings Long-Term Capital Lease Obligation?

Luk Hing Entertainment Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.00 Mil.

Luk Hing Entertainment Group Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$30.15 Mil) to Dec. 2022 (HK$4.65 Mil) and declined from Dec. 2022 (HK$4.65 Mil) to Dec. 2023 (HK$0.00 Mil).

Luk Hing Entertainment Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Luk Hing Entertainment Group Holdings's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Luk Hing Entertainment Group Holdings Long-Term Capital Lease Obligation Chart

Luk Hing Entertainment Group Holdings Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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105.39

66.97

30.15

4.65

Luk Hing Entertainment Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.65	-	-	-	-

Luk Hing Entertainment Group Holdings (HKSE:08052) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Luk Hing Entertainment Group Holdings (HKSE:08052) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Luk Hing Entertainment Group Holdings Ltd (HKSE:08052) » Definitions » Long-Term Capital Lease Obligation

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Address

168-200 Connaught Road Central, Suite 1505, 15 Floor, Shun Tak Centre West Tower, Sheung Wan, Hong Kong, HKG

Website

https://www.lukhing.com

Luk Hing Entertainment Group Holdings Ltd is an investment holding company. It is engaged in the food and beverage and entertainment industry. The company's principal activities are the operation of clubs and restaurants, organizing music-related featured events as well as granting loans to entities in the food and beverage and entertainment industry. It generates its revenue in the form of sponsorship income, entrance fee income, loan interest income, and sale of food, beverage, and other products. Geographically, the company generates a majority of its revenue from Hong Kong and has a presence in China.

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